The Kanto Tsukuba Bank, Limited to prepay subordinated loans

News Release

Date: September 12, 2008

Statement by the Governor

1.

The Kanto Tsukuba Bank, Limited made a request for voluntary prepayment of subordinated loans based on a fixed term subordinated loan agreement which was concluded with the Resolution and Collection Corporation (RCC) in accordance with the Act on Special Measures for Promotion of Organizational Restructuring of Financial Institutions.

2.

The Deposit Insurance Corporation of Japan (DICJ) approved today the request made through the RCC as the DICJ considered the request as the execution of the right of the financial institution in line with the deadline of payable date for voluntary prepayment provided in the clause of the agreement.

 

Regarding the approval for prepayment, DICJ has obtained approvals of the Commissioner of the Financial Services Agency and the Minister of Finance.

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